How to Build A Business Plan That Stands Out [Free Template]

Nowadays, it seems like a new company is starting every hour. But, while starting a company may seem easier now than ever before, entrepreneurs have an uphill battle from the moment they start a business. On average, a new business will need to compete with 25 competitors in order to stand out and thrive in its industry. Aspiring business owners that go in blind without a clear, actionable plan for marketing, hiring, finances, and operations are destined to face significantly more difficulties on their journey to building a successful company — which is why crafting a business plan is an…

It’s surprisingly inexpensive to start a business today — as little at $5,000, reports Fortunly. However, as encouraging as that is to aspiring business owners, the costs to run that business every day are a bit more complex. Before research and development, and before you even rent an office space, you might want to know how much money you’ll need to make your product. These are your direct costs. Direct Costs Direct costs are what you spend specifically to develop and maintain your product or service. These costs can vary over time as the product is improved upon. Direct costs…